It would help if you proofread your questions before you posted them.
What equation?
the dollar price for a barrel of oil sold at a certain oil refinery tends to follow the demand equation below where x is the number of barrels of oils on the hand in ( millions ) a) how much should be charged for a barrel of oil if there are 6 million
2 answers
The dollar price for a barrel of oil sold at a certain oil refinery tends to follow the demand equation below, where xx is the number of barrels of oil on hand (in millions).
a) How much should be charged for a barrel of oil if there are 66 million barrels on hand?
b) What quantity xx will maximize revenue?
c) What price should be charged in order to maximize revenue?
ppequals=negative one fifth x plus 160−
1
5x+160
a) How much should be charged for a barrel of oil if there are 66 million barrels on hand?
b) What quantity xx will maximize revenue?
c) What price should be charged in order to maximize revenue?
ppequals=negative one fifth x plus 160−
1
5x+160
1 answer